GlobalData chief increases stake after merger

The chief executive of the newly formed GlobalData has acquired a £53.2m stake in the company as part of the deal.

Mike Danson acquired over 20.9m shares in the new company, and holds a total stake of 69.7% with over 71.3m shares.

It arose out of Progressive Digital Media Group’s acquisition of GlobalData Holding Limited, of which Danson was an owner.

The merger was finalised on Monday, which included the disposal of Progressive Trade Media Limited.

When announced in December, the company said the acquisition would "significantly extend the Company's global reach in major business information markets".

Top Director Buys

Globaldata (DATA)
Director name: Mr Michael Danson
Amount purchased: 20,862,744 @ 255.00p
Value: £53,199,997

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Lowland Investment Co (LWI)
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City Merchants High Yield Trust (CMHY)
Director name: Mrs Winifred Robbins
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Booker Group (BOK)
Director name: Mr Gary W Hughes
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JPMorgan Elect Managed Growth Shares (JPE)
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Record (REC)
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Fusionex International (FXI)
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Ideagen (IDEA)
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